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Gold $2,670.14 $(10.23) -0.38% Silver $30.81 $(0.15) -0.48% Platinum $940.36 $7 0.75% Palladium $978.60 $9.24 0.95%

PPI comes in hotter than expected

PPI comes in hotter than expected

U.S. PPI +0.3% in Jan, above expectations of +0.1%, vs downward revised -0.2% in Dec; 0.9% y/y, down from 1.0% in Dec.

Core +0.5%, above expectations of +0.2%, vs downward revised -0.1% in Dec; 2.0% y/y, vs revised 1.7% in Dec.

Gold has softened in reaction but remains confined to yesterday's range. 

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